Champion Homes (NYSE:SKY) EVP Sells $599,695.40 in Stock

Champion Homes, Inc. (NYSE:SKY) EVP Joseph Kimmell sold 7,922 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $75.70, for a total value of $599,695.40. Following the completion of the sale, the executive vice president directly owned 36,118 shares in the company, valued at $2,734,132.60. This trade represents a 17.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Champion Homes Stock Up 3.6%

Champion Homes stock traded up $2.67 during mid-day trading on Tuesday, hitting $77.87. The company had a trading volume of 916,849 shares, compared to its average volume of 703,923. The company has a current ratio of 2.48, a quick ratio of 1.69 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $74.42 and its two-hundred day moving average price is $82.16. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $99.17. The company has a market capitalization of $4.27 billion, a PE ratio of 21.28 and a beta of 1.04.

Champion Homes (NYSE:SKY) last released its earnings results on Wednesday, May 13th. The company reported $999.00 EPS for the quarter. Champion Homes had a return on equity of 13.80% and a net margin of 7.77%. As a group, sell-side analysts anticipate that Champion Homes, Inc. will post 3.4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Weiss Ratings downgraded Champion Homes from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 27th. Zacks Research downgraded Champion Homes from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 27th. Barclays lowered their price target on Champion Homes from $106.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, May 27th. Citigroup assumed coverage on Champion Homes in a report on Friday. They set a “buy” rating and a $93.00 price target on the stock. Finally, UBS Group assumed coverage on Champion Homes in a report on Friday. They set a “buy” rating and a $93.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $93.00.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of SKY. Cramer Rosenthal Mcglynn LLC increased its position in Champion Homes by 7.5% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 663,870 shares of the company’s stock worth $50,700,000 after buying an additional 46,555 shares in the last quarter. Comerica Bank increased its position in Champion Homes by 119.9% in the fourth quarter. Comerica Bank now owns 35,543 shares of the company’s stock worth $3,003,000 after buying an additional 19,377 shares in the last quarter. Kingdon Capital Management L.L.C. purchased a new stake in Champion Homes in the third quarter worth about $11,456,000. Rhumbline Advisers increased its position in Champion Homes by 4.3% in the third quarter. Rhumbline Advisers now owns 157,253 shares of the company’s stock worth $12,009,000 after buying an additional 6,503 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Champion Homes by 7.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,530,519 shares of the company’s stock worth $116,877,000 after buying an additional 104,217 shares in the last quarter.

Champion Homes Company Profile

Champion Homes, traded under the NYSE ticker SKY, operates as a leading provider of factory-built housing solutions in North America. The company specializes in the design, manufacture and sale of manufactured and modular homes, serving a broad spectrum of customers from first-time homebuyers to those seeking upscale residential properties. Champion Homes leverages vertically integrated operations to streamline production, ensuring consistent quality and cost efficiencies across its product lines.

The company’s product portfolio encompasses single- and multi-section modular homes, manufactured home models, park models and select commercial modular buildings.